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No:1 XYZ, Inc. Unadjusted Trial Balance December 31, 2015 Account Title Debit Credit Cash 2.800 Accounts receivable 300 Inventory 39,800 Fumiture and Fixture 50,000 Land 100,000 Accounts payable 48,500 Notes Payable 100,000 Common stock 15,000 Rezined Eamings 10,000 Dividends 1,000 Service revenue 37,800 Profit on Land 25,000 Cost of goods sald 10,200 Rent Expenses 500 Supplies Expense 500 Salary expense 500 Utilities expense 200 Interest Expense 500 Total 236,300 236,300 Following are year and transactions of XYZ, Inc., that needs to be adjusted for the following events. a XYZ, Inc., pays his $1,000 January rent in December. b. Furniture and fixture Deprcciation 2000 for year. C. XYZ, Inc.'s December electric bill was $200 and is du January 15th d. On December 31, a customer prepays XYZ, Inc., Rs.3000 for services for the next 6 months. e Accrued income tax expense, 600 Required: 1. Joumalize and post adjusted erries as of December 31, 2015. 2. Prepares adjusted trial balance for XYZ, Inc. 3. Prepare a multi-step income statement. 4. Prepare a statement of retained emings. 5. Prepare a report format balance sheet. 6. Prepares XYZ, Inc.'s closirg entries. 7. Prepare post-dosing Trial balance